The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 15 DAYS UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 15 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterSun 12 Nov 17

Regional Dwelling Values Remain Flat in October

regional-australia

The CoreLogic home value capital city market index showed that dwelling values across the combined regional housing markets remained relatively unchanged.

While the research showed that dwelling values were flat in October, they fell by -0.1 per cent over the quarter and were 4.9 per cent higher over the past 12 months.

The quarterly decline in values was the largest fall since the three months to October 2014 while the 4.9 per cent annual change was the lowest annual change since February 2017.

According to CoreLogic research analyst Cameron Kusher the data indicates that the rate of dwelling value growth is slowing, but there were some differences occurring across the regional markets of the states and territories.

Regional NSW
Dwelling values increased by 0.2 per cent in October 2017 to be 0.7 per cent higher over the three months to October 2017 and 9.7 per cent higher over the past year.

Monthly, quarterly and annual growth rates are slowing however, regional NSW has recorded faster annual growth than Sydney over the past two months.
Regional VIC
The 0.3 per cent increase in values in October was the greatest monthly increase since April of this year. Over the past three months, values are -0.3 per cent lower while over the past year they have increased by 4.4 per cent.

At 4.4 per cent annual growth, the regional areas of Victoria are growing at a much slower pace than Melbourne where values are 11.0 per cent higher over the year.
Regional QLD
Dwelling values were -0.2 per cent lower over the month however, they fell by -0.5 per cent over the quarter and were 1.6 per cent higher over the past year.

Regional Queensland dwelling value growth has continued to underperform the quite moderate growth in Brisbane as regions outside of the south-east corner continue to drag on the performance.

Regional SA
Dwelling values fell by -0.5 per cent over the month, were -2.1 per cent lower over the quarter and -0.9 per cent lower over the past year.

While dwelling values are increasing at a moderate pace in Adelaide, outside of the capital city housing demand is much weaker leading to value falls.
Regional WA
While Perth values have not fallen for two months, in regional WA dwelling values fell -0.4 per cent in October, they were -1.4 per cent lower over the quarter and -3.0 per cent lower over the year.

This indicates that regional WA values have fallen at a slightly faster pace than Perth values over the past year.
Regional TAS
Values were 0.3 per cent higher in October 2017, -0.4 per cent lower over the three months to October and 5.4 per cent higher over the year.

Although annual value growth was much slower than in Hobart, it has accelerated from an increase of 1.7 per cent a year ago.

Regional NT
Values rose by 1.1 per cent over the month to be 0.7 per cent higher over the past three months and 1.3 per cent higher over the year.

Although growth is still minimal, it is significantly greater than the -5.7 per cent fall in Darwin values over the year.

“Growth in regional dwelling values generally continues to lag capital cities however, in most states the growth in values of regional property markets are generally stronger than they have been over recent years," Mr Kusher said.

ResidentialAustraliaConstructionFinanceConstructionSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
Exclusive

Australia’s 5 Biggest Student Living Projects Under Way

Shravanth Reddy
Almost $2-billion in PBSA assets have changed hands this year. We take a look at the biggest student beds projects under…
LATEST
Windsor Lutwyche Road DA hero
Development

Arch-Filled Commercial Strip Filed for Brisbane’s Northside

Phil Bartsch
3 Min
Cromwell 19 National Circuit Barton ACT rendering HERO
Office

Cromwell Lands Lease for Canberra Office Block Scheme

Leon Della Bosca
3 Min
Exclusive

Australia’s 5 Biggest Student Living Projects Under Way

Shravanth Reddy
3 Min
A hydrogen production facility, part of the Hydrogen Energy Supply Chain (HESC) project to ship hydrogen from Victoria to Japan.
Exclusive

Minister Intervenes, Approves Hastings Hydrogen Facility

Marisa Wikramanayake
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/dwelling-values-flat-throughout-regional-australia